Multiple Choice
Miniville is an isolated town located on the southern shore of Lake Condescending, a very large lake. The western edge of Miniville is adjacent to impassable mountains and there are no towns or businesses for many miles to the east. The 300 residents of Miniville are evenly distributed along 3 miles of shoreline on the lake, east of the mountains. Lake Shore Drive, the only street in town, provides access to Miniville's homes and businesses. All residents live between the lake and the street; businesses locate on the other side of the street. Lake Shore Drive is 3 miles long, and the points labeled A, B, and C are 1, 2, and 3 miles from the western end of Lake Shore Drive, respectively. All residents of Miniville shop at the store located closest to their homes. Because all residents of Miniville shop at the store located closest to their homes, the optimal location for the first store to open in Miniville is:
A) at the western end of Lake Shore Drive.
B) there is no single optimal location for the first store.
C) Point A.
D) Point C.
Correct Answer:

Verified
Correct Answer:
Verified
Q3: One thousand adults live in Milltown. Every
Q40: In a repeated prisoner's dilemma, players:<br>A)never learn
Q91: Player 1 and Player 2 are playing
Q92: P-TV and QRS-TV are trying to decide
Q93: Refer to the figure below. Player A
Q94: Hotelling's model has been used to describe
Q97: Suppose two companies, Macrosoft and Apricot, are
Q99: Suppose Firm A and Firm B are
Q100: Joe is the owner of the 7-11
Q143: The dilemma in a prisoner's dilemma is